SK chair Chey Tae-won sells 544bn won of SK Inc shares to Michael Dell family fund
Regulatory filings show SK Group chairman Chey Tae-won has agreed to sell 972,493 SK Inc shares, a 1.34% stake, to DFO Public Investments, L.P. — a fund tied to Dell Technologies founder Michael Dell — for 544 billion won (about 2.731 billion yuan). The sale is part of a plan to raise 9,440 billion won (about 4.74 billion yuan) by selling 1.65 million shares, or 2.26%, to pay a divorce settlement to his former wife, with 681,431 shares (0.94%) going to Korea Investment & Securities for 400 billion won. The buyer is a Delaware-registered fund under DFO Management, Michael Dell's family investment office, not Dell Technologies itself; Dell Technologies is a core supplier of AI servers and data center infrastructure and does business with SK Group's memory chip unit SK hynix.
The deal links Dell family capital to the AI memory supply chain around SK hynix, and a Korean governance body is questioning whether the fund must be disclosed as acting jointly with Chey.